Reliable Data You Can Trust
Reliable Data You Can Trust
A recent
report published by Infinium Global Research on the cogeneration equipment market
provides an in-depth analysis of segments and sub-segments in the global as well
as regional cogeneration equipment market. The study also highlights the impact
of drivers, restraints, and macro indicators on the global and regional
cogeneration equipment market over the short term as well as long term. The
report is a comprehensive presentation of trends, forecast and dollar values of the global cogeneration equipment market. According to the report, the global
cogeneration equipment market is projected to grow at a healthy CAGR over the
forecast period of 2019-2025.
Cogeneration
has attracted extensive attention in recent years because of its potential for
increased energy efficiency, and therefore, lower energy costs. Cogeneration is
a technique for producing heat and electricity in one process that can save a
considerable amount of energy. It provides a wide range of technologies for
application in various domains of economic activities. Cogeneration equipment
is used to simultaneously produce thermal and electrical energy from a single
fuel source. Cogeneration equipment contains gas and steam turbines, electric
generators and heat recovery systems that deliver power to equipment and
machines such as fans, pumps, refrigerators, dehumidifiers, and steamers.
Cogeneration equipment works more efficiently and has a smaller carbon
footprint than other conventional systems.
The
increasing demand for electricity coupled with growing applications in renewable
energy is expected to drive the cogeneration equipment market over the
forecasted period. The reduction of fossil fuels has imposed the adoption of
alternative techniques for energy generation such as cogeneration. Furthermore,
increasing government initiatives for energy conservation and the need to
address climatic changes have directed to the acceptance of cogeneration is
also driving the growth of the cogeneration equipment market. The rising number
of renewable energy projects and plenty availability of natural gas in some
parts of the world are also fueling the growth of the cogeneration equipment
market. However, high initial investment and sophisticated technological requisites
hamper the growth of the market. Moreover, the expansion of distributed power
generation in North America and the Asia Pacific regions are generating
opportunities for market growth in the forecasted period.
Geographically,
Asia Pacific dominates the cogeneration equipment market due to rising combined
heat and power (CHP) systems demand from the industrial sector in countries
such as China, India, and South Korea. Rising power sector in India to meet
rapidly increasing energy demand is anticipated to drive demand in Asia
Pacific region. Europe is the second-largest market of cogeneration equipment
market owing to wide natural gas availability in countries such as Germany and
Russia. The collective carbon emission targets and stringent government
regulations for improved efficiency in power generation are driving the growth
of the market in Europe.
The report on the global cogeneration equipment market covers segments such as fuel, capacity,
technology, and applications. On the basis of fuel, the sub-markets include
natural gas, biomass, coal, and other fuels. On the basis of capacity, the
sub-markets include up to 30 MW, 31 MW -60 MW, and 61 MW- 100 MW. On the basis
of technology, the sub-markets include reciprocating engine, steam turbine,
combined cycle gas turbine, gas turbine, and other technologies. On the basis
of applications, the sub-markets include commercial, industrial, and
residential.
The report
provides profiles of the companies in the market such as Mitsubishi Heavy
Industries Ltd., Clarke Energy, BDR Thermea, Siemens AG, Innovate Steam
Technologies, 2G Energy, ABB, Aegis Energy Services Inc., Foster Wheeler AG,
ANDRITZ Energy & Environment GmbH, and Other companies.
The report
provides deep insights into the demand forecasts, market trends, and micro and
macro indicators. In addition, this report provides insights into the factors
that are driving and restraining the growth in this market. Moreover, The
IGR-Growth Matrix analysis given in the report brings an insight into the
investment areas that existing or new market players can consider. The report
provides insights into the market using analytical tools such as Porter's five
forces analysis and DRO analysis of the cogeneration equipment market. Moreover,
the study highlights current market trends and provides forecast from
2019-2025. We also have highlighted future trends in the market that will
affect the demand during the forecast period. Moreover, the competitive
analysis given in each regional market brings an insight into the market share
of the leading players.
Please Choose One of them.